ATLANTA, April 28, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Wolfspeed, Inc. (“Wolfspeed,” or the “Company”) (NYSE: WOLF) complied with federal securities laws. On April 26, 2023, Wolfspeed announced its results for the third quarter of fiscal year 2023 and provided guidance for its fourth quarter of fiscal 2023 and for fiscal 2024. The Company also stated it was “adjusting our fiscal 2024 revenue forecast to reflect the projected growth of our materials production as it relates to supplying [Wolfspeed’s] Mohawk Valley [facility].” Following this announcement, the price of the Company’s stock dropped.
If you purchased Wolfspeed stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/wolfspeed/ to discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
